KUALA LUMPUR: Share prices of Mah Sing Group was slightly higher in early trade today, hours after the group said it will venture into manufacturing, trading of plastic pallets in Indonesia as well as appointing a new group chief executive officer (CEO).

       As at 10.10 am, the property developer stock inched up one sen to 91.5 sen with 4.59 million shares changing hands.

       Mah Sing announced yesterday that its wholly owned subsidiary Mah Sing Plastics Industries Sdn Bhd (MSPI) has partnered PT Gaya Sukses Mandiri Kaseindo to jointly carry out business relating to manufacturing and trading of plastic pallets, containers and related material handling and storing products in Indonesia.

       It said the Indonesian venture would be carried out through a joint venture company, with MSPI and PT Gaya holding 70:30 shareholdings.

       On another development, the group has appointed Datuk Voon Tin Yow as group CEO effective Feb 2, 2024.

       It said the current group CEO, Datuk Ho Hon Sang will step down with effect from Feb 1, 2024 and will remain as an executive director until March 31, 2024 to facilitate a smooth and seamless transition.

       Mah Sing has also appointed Lionel Leong Jihn Haur, 35, as deputy group CEO and executive director, effective Feb 2, 2024. - Bernama

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